RFID Value-added Offerings part 1

RFID stands for Radio Frequency Identification. A chip and antenna are used to identify a tiny electronic device that uses radio frequency identification. As much as 2,000 bytes of information may be stored in the Chip section. A transponder is a label or RFID tag that acts in the same way as a barcode. As an example, the EPC numbering of things or assets (Electronic Product Code). Radio waves are used in the RFID identifying system. TAG and READER are the two gadgets that are required. The READER receives a signal from the RFID TAG while scanning data. RFID is currently employed in a broad range of industries, including businesses, hospitals, and hotels.

RFID Value-added Products
Maintenance and repair of engines may also be made easier with the use of RFID technology. Which machines have been serviced and are now in use may be seen by the manufacturer. Only in manufacturing, RFID technology may be employed for warehouse management and tracking of shipping containers via ships.
There are several advantages of using radio frequency identification technology (RFID). In order to minimize stock from running out, RFID may help shops obtain real-time inventory information that can assist identify the location of items. Improved customer service and increased sales may be achieved by using real-time inventory information. If an item is transferred unlawfully or if the item is relocated to the incorrect location, RFID sensors may inform workers. If the commodities are no longer appropriate for consumption, aren’t in high demand, or are damaged, the supply chain may be alerted. Improving supply chains and more sales possibilities are two of the benefits of RFID. RFID can keep track of what consumers buy, and it can propose other products while they’re in the store. This might lead to repeat purchases from customers.

References:

Djamal,  Hidajanto. (201 4).  Radio Frequency Identification (RFID) and its Applications. Volume  16, Issue 1, Pages 45  – 55

Karmawan, I  Gusti  Made. (2013).  IMPACT OF RFID ON RETAILERS’ STOCK GOODS. West Jakarta: Bina Nusantara University